Business News

Facebook Bounce Could Offer Opportune Profits

Facebook Inc. (FB) more than doubled in price after March’s 52-week low, posting an all-time high at 304.67 during the last week of August. The stock has sold off more than 13% since that time and is now approaching strong support that should generate a reversal and high percentage bounce. Even so, a breakout to new highs appears unlikely at this time, warning market timers to utilize trailing stops and take opportune profits at high-o…

Click here to view the original article.

Related Posts

You might also like ...